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Fly News Breaks for March 9, 2016
KEX
Mar 9, 2016 | 09:16 EDT
Stephens analyst Jack Atkins raised his price target for Kirby to $64 from $58 citing greater confidence in his 2016/2017 estimates and the potential for an inflection in inland marine rates this year. The company announced yesterday it has agreed to acquire the inland tank barge fleet of SEACOR Holdings. The analyst reiterates his Overweight rating on Kirby shares.